Gold Rates & Silver Rates Today (1.9.2026) LIVE: MCX Gold Falls As Rate Hike Fear Spikes, Silver Erases Gains

Gold rates and silver rates in India are volatile on September 1, 2026. The MCX gold price traded marginally lower to struggle around Rs 1,54,100 per 10 grams. On the other hand, the MCX silver price zoomed by nearly Rs 3,700 to trade near Rs 2,40,500 per kg. This is due to the cautious tone witnessed in the global bullion market.

Currently, spot gold traded lower towards $4,430 per ounce, and spot silver moves in a narrow range but holds above $66.50 per ounce. Amidst this, crude oil prices surged sharply and remained elevated. US WTI crude and Brent crude are up 1% each to hold above $86.71 per barrel and $91.2 per barrel.

That said, precious metals are hovering near a two-week low. The sentiment soured after US Federal Reserve's chair, Kevin Warsh, gave hawkish remarks in the Jackson Hole meeting last week. This has brought back the fear of rate hike in September due to sticky inflation.

Oil prices advanced for a second straight session after US forces struck an island in the Strait of Hormuz, while Iran responded with attacks on the UAE and Jordan. Higher energy costs stoked inflation concerns, strengthening the case for a near-term Fed rate increase, which is typically negative for bullion. Meanwhile, Chair Warsh said the Fed would "have work to do" without clearer evidence that inflation is moving back toward its 2% target. Markets are now pricing in a more than 65% chance of a September hike, up from around 36% before his remarks. Despite the recent decline, gold still gained about 10% in August after the US Treasury announced plans to double liquidity-support buybacks of longer-dated bonds, reviving the so-called debasement trade, as per Trading Economics.

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Sep 01, 2026, 11:09 am IST

Live Silver Rates Today: Spot Silver Cautiously Higher

Spot silver traded cautiously in green to around $66.5 per ounce. As per Trading Economics, markets are now pricing in a more than 65% chance of a September hike, up from around 36% before his remarks. Despite the recent decline, silver still gained over 15% in August after the US Treasury announced plans to double liquidity-support buybacks of longer-dated bonds, reviving the so-called debasement trade.

Sep 01, 2026, 11:08 am IST

Live Gold Rates Today: Spot Gold Trades Lower

Spot gold traded marginally lower to around $4,436 per ounce on Tuesday. As per Trading Economics, spot gold is hovering near two-week lows as rising oil prices and hawkish remarks from Federal Reserve Chair Kevin Warsh strengthened expectations for a US rate hike this month. Oil prices advanced for a second straight session after US forces struck an island in the Strait of Hormuz, while Iran responded with attacks on the UAE and Jordan. Higher energy costs stoked inflation concerns, strengthening the case for a near-term Fed rate increase, which is typically negative for bullion.

Sep 01, 2026, 10:23 am IST

Live Silver Rates Today: Why MCX Silver Is Down?

Silver prices trading flat on MCX as rising oil prices and hawkish Fed remark boosted expectations of a September rate hike. Higher energy costs intensified inflation concerns, weighing on precious metals. However, silver gained over 11% in August, supported by US Treasury plans to increase longer-term bond buybacks, reviving the debasement trade: Pinky Yadav, Commodity Fundamental Analyst, Choice.

Sep 01, 2026, 10:23 am IST

Live Gold Rates Today: MCX Gold Prices Cautious Due To Middle East Tensions

Gold prices remained subdued on MCX as investors assessed Middle East tensions and awaited US labour data for clues on Fed policy. Chair Warsh said the Fed would “have work to do” without clearer evidence of inflation returning to 2%. Markets now see over 65% chance of a September hike, up from 36%, while bond yields hit fresh highs globally amid inflation concerns: Pinky Yadav, Commodity Fundamental Analyst, Choice.

Sep 01, 2026, 10:22 am IST

Live Silver Rates Today: MCX Silver Erases Early Gains

MCX silver price erased its early gains and intraday high of Rs 2,41,800 per 1Kg to trade lower. At the time of writing, MCX silver performed at Rs 2,39,971 per 1Kg, down by Rs 150 or 0.06% which is near its intraday low of Rs 2,39,722 per 1Kg.

Sep 01, 2026, 10:22 am IST

Live Gold Rates Today: MCX Gold Price Under Pressure

MCX gold price traded under pressure at Rs 1,54,135 per 10 grams, down by Rs 325 or 0.21%. The bullion has touched an intraday high and low of Rs 1,54,783 per 10 grams and Rs 1,53,997 per 10 grams respectively.